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20130107
20130107
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CNBC 7
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Search Results 0 to 29 of about 30 (some duplicates have been removed)
PBS
Jan 6, 2013 6:00pm PST
unprecedented. there's no change in sight. this is the debt ceiling debate of july and august 2011 which was supposed to come to grips with spending and our debt. it was punted off until this january. what came out was another probably as a result of the next one. we will come out with everything deferred. we are not facing the problem. ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the washingtons and make sure that they get every benefit that the government has available to them. they some republicans to washington to make sure that they will not have to pay. both parties keeping promises. they will much such a single gray hair on that beautiful hair of social se
FOX News
Jan 6, 2013 11:00pm PST
this debate? two years ago we went from 14 to $16 trillion debt ceiling and everybody said how horrible that was. now, we are talking about going from 16 to 18 trillion and that only takes us through 2014 at which point we will be talking about going to $20 trillion. a lot of people are rightly asking i think when does this stop. >> when does the madness stop. the country not only needs the debate. we need to solve the problem. what you will see from the house is we will put forward a plan that says if you want to increase the borrowing authority of this country here is a mean you of options where you can reduce spending of an equal or greater amount. you tell us, mr. president. you have been afraid to but together a budget. harry reid hasn't touched the budget in three years. tell us where to reduce spending because that has to happen if we solve this problem. that is the adult responsible thing to do and frankly what the american people are looking for us to do. let's do it for a change instead of saying give us more revenue and we promise we will cut spending later. give us more borr
CNBC
Jan 7, 2013 4:00pm EST
news. we think the markets are going to be much more focused on the debt ceiling debate short-term and the good news we see down the road long-term. >> jack, you know, we all just went through that whole debate over the fiscal cliff. and now we're gearing up for another fight in washington. that over the debt ceiling. how rankerous will it be? >> it's remarkable how low volatility is right now. to me it would seem investors are complacent as if we just haven't done this just the other day. yeah. i see more and more problems. i see more volatility. more uncertainty. and, you know, this is one where 2013 is ultimately a year of austerity. one where it's a rebuilding year. which means we probably want to play a lot of our equity exposure away from the u.s. to some degree. or at least away from the consumer. and then if we do get a huge pullback, i mean, if the market really chokes, perhaps there will be a buying opportunity. ultimately i think we end the year maybe mid-single digits to the upside on the s&p. >> ron where are you on this? >> i probably split the difference between
FOX Business
Jan 6, 2013 11:00pm EST
that he isn't going to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker boehner cited a new poll, showing 72% of americans agree with him. but any increase in the debt limit must be accompanied by an equal amount in spending cuts. senator john cornyn saying that if the president inten the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader saying that it may be necessary to partially shut down the government in order to secure the fiscal well-being of our country. the looming deadline for action has been obvious. and in every instance the white house has purposely blow up the process in a shameless attempt to score cheap political points. "the washington post" reported the top ally in the senate may not be fully on board with his approach. his imperious stance, if you will. senator harry reid reportedly warned mr. obama is refusal to nego
NBC
Jan 7, 2013 3:00am PST
, the president saying this week, the next test will come with the debt ceiling debate. let's hope mcconnell compromises and giving in while getting nothing in return. however, if his fiscal cliff negotiations are any indication, we'll most likely see him wave the white flag again. what's your reaction, senator? >> well, the election will take care of itself in 2014. the question is, what will we do now? we know that everybody's taxes were going up a couple of days ago. what we did was prevent tax increases on 99% of the american public. nobody in the senate, not the 90% of senate republicans who voted for this, voted to raise anybody's taxes. and the arbiter of whether something is a tax increase or not is americans for tax reform. the head of americans for tax reform said it was not a tax increase. and had he been a senator, he would have voted for it. look, this was not a tax increase. it was not the kind of complete deal we'd like, because we want to cut spending. but we did save a lot of taxes. the tax issue is behind us. and now we move forward to see if we can get a reluctant p
KICU
Jan 7, 2013 4:00am PST
, because right now i think the debt ceiling debate we are going to be having coming up in february is going to be even more rancorous than the one that we just that. republicans think they gave away taxation- > they are digging in their heels. > > and now they are going to get spending cuts, whereas the democrats are saying, "if you are going to get more spending cuts, you've got to give me more tax increases." so i think the end of february could be very interesting and very ugly for the markets. > the fiscal cliff of all mothers of fiscal cliff, or however you want to put it, it could be a lot worse. brent schutte from bmo harris. thanks so much. > > thank you. still ahead, the new year's top vacation destinations and deals. dominican republic, anyone? (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in hist
CNN
Jan 7, 2013 6:00am PST
about a government shutdown as a product, i think, of the debt ceiling debate. i don't like the concept of using the debt ceiling as a negotiating tool because the debt ceiling is a process by which you authorize payment for spending you've already taken on, you've already approved. but a month after our debt ceiling debate, we have an actual government shutdown proposal, that is, a proposal to keep funding the government over the next six months. very short-term measure. why does that exist? l.z. said, why do we keep putting those out there? it's because two reasons. the government has not passed a budget for four years. budgets are just policy plans. they don't actually authorize spending. still it shows some responsibility, and the government's neglected to do that for almost four years. in the short term, the senate has also not taken up the responsibility of passing appropriations bills. those that actually authorize spending. so we have these short-term government funding mechanisms. you did the story, i'm sure, six months ago, carol, a year ago, over government shutdowns, and we'
CNBC
Jan 7, 2013 1:00pm EST
success in the senate on confirmation. >> let me turn your attention to the debt ceiling debate which will ramp up in earnest to the extent it didn't already on sunday morning talk shows. you were made aware of analysis that indicates we will hit that debt ceiling maybe even sooner or than the treasury will have to start taking its ex record to marry steps even sooner than we thought. so what happens if we really get to the point where we go over, and what the next steps? what does the treasury do? >> very difficult choices. the treasury would have to prioritize bill paying. they could do it by the day. do it by the type of expense they are going to repay. presumably sovereign debt would be repaid first. but given the fact this is unprecedented, never happened before, you could have the president reconsidering his assertion that he could not use executive authority. the president said he does not believe that under the constitution he can un latry raise the debt ceiling. but some disagree and urge him to do that. he said he will not negotiate with congress at all. so you have to think
FOX Business
Jan 7, 2013 3:00pm EST
towards sequestering, the issue coming up, seven weeks from now, the debt ceiling debate creeping up, that's fairly soon. we -- the horizon is short now for investors. should they make moves now to prepare for this fight to have in washington? >> i think, yet again, it's another situation of political theater that will be played out in the media. i think the media's taking advantage of it by our politicians in washington, but the end result will be one that should allow long term investors to be buying when there's that kind of panic. it's a value play. they played out over and over again, some of the best investors in the world. we tell you that's the way to invest whether it's warren buffet or peter lynch back in the day, by what you know and buy when it gets cheaper. those are the opportunities that come along and when you should be taking advantage. cheryl: keep emotion out it. i'm just reporting the news here, been, come on now. to the cme, and, kevin, any levels you're watching now? any specific numbers to pay attention to? >> well, i think when you look at the treasury market and sp
CNBC
Jan 7, 2013 5:00pm EST
to be flat. the debt ceiling debate, of course, does not to help clarity which is why i would not expect too much from the fourth quarter. we will truly know where our economy or earnings could be. we won't know until washington's dysfunction on steroids comes to an end. before we go, take a look at the day on wall street. the dow down by 51 points. that will do it for us. thank you so much for being with me. see you tomorrow. d "fast money" begins right now. stay with cnbc. have a great night. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. mobile wars. google, apple and sam sung are trying to dominate your smartphone. but are they the best way? retail detail. how bricks and mortar stores are still alive and well and surprise, surprise. doug cass joins us with his annual list of predictions. first, our top story, and that is stocks near a five-year high, so, we ask, even with today's slight pull back, are you a buyer or seller? >> 1465 is still that crypt night level. timmy was talking about it last week. it's still that level. more recent high was 147
CNBC
Jan 7, 2013 2:00pm EST
, there is still a lot of tension about the debt ceiling debate and they don't want the infighting again from washington. and unfortunately, i think that's what they are going to get. >> it sure looks that way, sue. as everybody says, we are getting ready for the biggy here. that one promises to dwarf the fiscal cliff debate. that will do it for "power lunch" sue. >> ty, have a great afternoon. see you back at the ranch. "street signs" begins right now. see you tomorrow. >>> back to the' 70s here on "street signs" because this is like rodney dangerfield, getting no respect, even though the bull mark set entering its fifth year. and we did something last year we nearly never do. we have stats to make you go hhmmmm coming up. and welcome back carter. at least for taxes. why some face the top end tax rate above 50%. one man makes the case that big banks are gambling with your money and stock, our guest says you got to own right now, mandy? >> indeed he does. in the meantime, dow and s&p despite coming off the best week in over a year have not had a winning streak as long as three days in almost
Current
Jan 7, 2013 6:00am PST
to that before you do. okay. the president on this whole upcoming debt ceiling debate again. >> obama: one thing i will not compromise is whether or not the congress should pay the tab for a bill they've racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> stephanie: mitch says it is a shame we have to use whatever leverage we have in congress to get the president to deal with the biggest problem confronting us. it is a shame. it's a shame we have to take hostages again but we have to. >> the tax issue is finished, over. completed. that's behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future. and that's our spending addiction. it is time to confront it. the president knows that. he's mentioned it both publicly and privately. the time to confront it is now. >> we have to get rid of the free loading old people. sick people. >> stephanie: he suggested making them into mulch. right. sorry. >> save lots of money that way.
NBC
Jan 6, 2013 6:00pm PST
the country's debt ceiling without debate. she told face the nation viewers the president has the 14th amendment on his side which states the nation's debt shall always be paid. she says that she and the democratic party will continue to focus on growing and supporting the middle class. >> the class is the strength of our country. and those we have to strength strengthen it and help those who aspire to be it in, be in it. but it's about a sense of community. and this is the epiphany i want them to have, not just we're only here for the wealthiest people and if it trickles down, that's a good thing. if it doesn't, so be it. that's the free market. that's not how we see it. >> pelosi met with hundreds of constituents and colleagues today for the annual new year's celebration in san francisco. meteorologist rob mayeda here. it's probably a good thing that nancy pelosi held that meeting indoors today. >> if you look at today's highs, it roi cool day around the bay area. interesting, the coolest temperatures we had, parts of the south bay and east bay where the clouds really didn't clear ou
FOX
Jan 6, 2013 5:00pm PST
earning more than $1.3 million a year to pay 75% tax. >>> a debate over the debt ceiling is heating up. >> people say i'm not going to pay my bills unless you stop buying stuff. well, stop buying stuff so you don't have a future bill. >> the fight on capitol hill over spending cuts. >> and the new legislation aimed at preventing mass shootings. >> and a massive brawl at a louisiana mall. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. . >>> the so-called flash mob in louisiana this weekend ended in a millionee and emptied an entire shopping mall in baton rouge. according to witnesses about 200 young people gathered in the mall's food court and apparently answering a notice on a social website. a fight broke out and people started to run and jam exits. there were reports of arrests, but no reports of serious injury or damage. >>> president obama faces a full agenda as he returns from vacation. the president
FOX News
Jan 7, 2013 6:00am PST
in the debt ceiling debate that is coming, despite the fiscal cliff deal that saw taxes go up 77% of americans. nancy pelosi says it is not enough money really that was garnered through that deal but republicans vehemently disagree. they say it is time to get serious about cutting spending. watch some of this. >> in this legislation we get $620 billion, very significant, high-end tax, changing the high-end tax rate to 39.6% but that is not enough on the revenue side. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future and that's our spending addiction. it is time to confront it. martha: all right. joined by charles payne, fox business network contributor. charles, good morning. >> good morning. >> good to talk to you. what is your reaction to that back and forth? >> listen, martha, we know they're setting up for the battles, debt ceiling, sequestration and even the continuing resolution. it is interesting on a deal almost everyone agrees white house won big-time, 40 to one
CSPAN
Jan 7, 2013 12:00pm EST
of intransigence. that the damage that came out, the the summer of 2011 with the debt ceil ceiling debate, the public didn't engage deeply with that policy debate was they sniffed out -- because they sniffed out very early on, they saw this was a purely symbolic debate. there really were no merits to why the debt ceiling should or shouldn't go up. it was being used as a political tool to make other political arguments. and people were very frustrated about that, and the republican party or took the brunt of the blame for that. nobody came out of that debt ceiling debate looking good. obama's ratings went down, but the republican party's ratings went down much further. and that was when we first really started to see a wider opening in the gap of for perceptions of the two political parties, the leaders of the two political parties. and the republican party has not overcome that image now, and they're going into a very similar debate from the public's perspective now playing at least to this point a very similar strategy. and it's probably, you know, not going to work terribly well for the
CNBC
Jan 7, 2013 6:00am EST
had a great discussion in the 7:00 hour, about, you know, how do you gauge the debt ceiling debate? we did the fiscal cliff. they did a deal. how worried should i actually really be about the vault? i want to be optimistic here that we come off a little bit and at least, in part, taking what rick said about the optionality, at least in part we've come -- >> that's in terms of butter boiling? >> right. >> you're not sitting on some big festering boil. we've come off the boil, which is at a boil for water -- >> folks -- >> right in there how i should respond. >> i'm not going to say anything. >> viewers -- >> i want to know the expression. >> i don't have a clue how to respond. >> i've never heard that expression before. come off the boil. >> you've been sitting on a boil -- >> i think -- >> all right. >> i'll respond any way you like. >> rick, steve, and scott nations. you can catch scott on fridays on "options action." >>> coming up -- >> the hottest new tech gadgets you can't live without. the consumer electronics show kicks off in las vegas tomorrow. you'll be hearing a lot about it.
MSNBC
Jan 7, 2013 7:00am PST
does that mean for the three major debates ahead? the battle over the debt ceiling, sequester, the continues budget resolution? >> that's to my point. right now all the committees of congress should be meeting. the people on agriculture should be saying what can we do to make cuts here and make some changes there? the defense appropriations committee should be meeting. the housing committee should be meeting. all the various appropriating and authorizing committees should be meeting. and be involved in this process instead of leaving it to the last minute to three people. you can't run a country that way. like i said, you can't run a business that way. if i spent as little time running my business as the congress does conducting its business, why, we would have been out of business a long time ago. >> minnesota congressman rick nolan. again, congratulations. and come back and see us again. thank you so much. >> thank you. delighted to be here. >>> that wraps up this hour of "jansing & co." >>> coming up next on the agenda, the political calculations of picking senator chuck ha
FOX Business
Jan 6, 2013 10:00pm EST
. there is a lot -- gei: are you worried about this debate going on in washington, the debt ceiling to my defense spending, sequestration, on and on. negative impacts in december. did you think those will hold the market back? >> policy mistakes and my number one concern, and that's from washington. the market here is that a very important inflection point. this could be what i call the point of recognition. valuations in the market based on bond yields verses equity yield since august of 2011 when europe was giving big problems. they rose to levels never before seen which show a tremendous fear on the part of investors. right now they're back in the lower part of that range. if we can break through that i shows that investors will not be demanding as much of a risk premium as thee have been. that would be bullish for the market. i think there's a good chance we see all-time highs this year in the s&p. gerri: give me one sector name you like and then we have to go. >> i did not get compliance approval for a name, but i'm very bullish on financials and on consumers. gerri: thagives us a lot to che
NBC
Jan 6, 2013 11:00pm PST
the debate all together and sign the new debt ceiling into law. she told "face the nation" viewers that president has the 14th amendment on his side which states that the nation's debt shall always be paid. >>> po >>> pelosi met with hundreds of quaints and colleagues to talk about last year's chag lengs and accomplishments and this year's goals. in 2013 the democratic party will continue to focus on growing and supporting the middle class, she says. >> practice the strength in our country and those we have to strengthen it and help those who aspire to be in it. to be in the budget. that's a sense of community. that is the epiphany i want them to have that we're only here for the wealthiest people and trickles down, that's a good thing if doesn't. so be it, that's the free market. that's not how we see it. >> others had to get to the to move to a bigger venue to accommodate the crowds. >> church goers in san francisco says enforcing parking meters on sunday is forcing them to make a tough choice. san francisco put an end to free parking meters on sundays and that has changed is exp
FOX News
Jan 7, 2013 3:00pm PST
there will be no debate whether to raise the nation's already exceeded debt ceiling. a key thing that republicans will give them much better positioning as the u.s. hovered dangerously close to the fiscal cliff. the two sides don't agree whether tax revenue is settled. republicans say having given the president hundreds of billions of new tax dollars unmatched by corresponding spending cuts, they are in no mood to give them more money. >> it's over. completed. that is behind us. now, the question, what are we going to do about the biggest problem confronting our country and our future. that is our spending addiction. it's time to confront it. >> not so fast according to house minority leader nancy pelosi. the idea of generating more tax revenue is certainly still in play. high income earners who were just hit with a rated increase should be prepared. >> according to the treasury department we have exceeded the debt ceiling. treasury department can keep from defaulting for roughly two months and automatic sequester cuts would kick in if that matter isn't resolved by then. >> bret: shannon, thank y
FOX News
Jan 6, 2013 8:00pm PST
. sounds like they are threatening at least a fight over the debt ceiling. i would say this to him and his colleagues, speaker bainer and eric cantor. be really careful with this debate. this is more nuclear than the other one. if you are really serious about playing chick win the president. give him a plan so we don't have to default on our debt. because if we ever default. and i'll tell you, barack obama may say let's just default. he may stick it to them. but if that does happen, there's real long-term damage. it will make the financial crisis look like a day in the park. so they should come to the table with a plan. here are the 15 things we have to do before we default and in the meantime we are going to negotiate hard with the president. >> charlie, always great to have you. look forward to seeing you soon and thanks for the inside. charlie gasparino, fox business network [applause] >> well, hollywood celebrities are advocating the banning of guns while making millions shooting guns in violent and bloody scenes in their own movies. plus, why one french actor who thinks he's being tax
CNBC
Jan 7, 2013 9:00am EST
to the battle over the debt ceiling and spending cuts. the big debate over whether more revenue increases should be on the table. >> the tax issue is finished, over, completed. that's behind us. now the question is, what are we going to do about the biggest problem confronting our country and our future. and that's our spending addiction. >> mitch mcconnell's going to draw that line in the sand. it's going to be a recipe for more gridlock. we have to take a balanced approach to long-term deficit reduction. >> and away we go again. jim, you said last week, you expect a see-saw quarter courtesy of these guys. >> it's so funny to hear the democrats say, it's time to think about taxes. that's kind of what they won on. senator mcconnell, i know that over a decade, i have felt opposition to -- he used to come on cramer. he was always, let's say volatile. how could he not be right now -- the entitlements are the issue. this is the united states of america. and someone's got to rein it in. no one wants to, because boy, once you do that, i've got a biotech company on tonight that wants to charge $300,000
CNBC
Jan 7, 2013 6:00pm EST
got this fiscal crisis, we've got a debt ceiling discussion, we've got senator mcconnell saying, listen, we got to find ways to cut entitlements. isn't this smack in the middle of that debate when you're charging $300,000? >> well, we charge $295,000 because of really three things. one, the burden of illness of the condition you described, $200,000 to $600,000 a year is the cost for each one of these patients. we charge $295 because of the value that gattax brings. reducing the nutrition, 15% of patients getting off of nutrition altogether and improvement in the quality of life. and third, there's a premium associated with treating only 3,000 to 5,000 patients in the u.s. >> so the insurance companies would actually favor using your drug than doing what they're currently doing for these people. >> that's exactly right actually. 100% of the payers said that they would reimburse gattex. 76% of the physicians said that they will prescribe gattex independent from the cost. and about 100% of the patients said they will try gattex. >> let's go over when people talk about cutting medic
FOX News
Jan 7, 2013 8:00am PST
of defaulting on its financial obligations. that sets up a fight over the debt ceiling. the main point of leverage congressional republicans to as their chance to bargain over fiscal issues as we whoevered dangerously close to the fiscal cliff. remember president obama says there will be no debate whether congress votes to raise our country's debt limit. >> one thing i will not compromise over, whether congress pays the bill for a tab they racked up. if congress refuses to give the united states the ability to pay its bills. it could be catastrophic. last time congress threatened this course of action our entire economy suffered for it. >> reporter: gop leaders in the house and senate, brace yourself, mr. president. you better believe there is going to be debate. congressman jim jordan says that is what the american people expect. >> let's do it for a change instead of saying give us more revenue. we promise we'll cut spending later. give us more borrowing authority, let us run up the credit card we promise to cut of the this is the old, lucy, charlie brown, the football, the american
CSPAN
Jan 7, 2013 5:00pm EST
of the stick of you will. c-span: here's your 1995 talking about about the debt ceiling. >> when you look at bond markets are stock markets, they are future oriented and so the market, when we have a debate in congress, if the market perceives we are going to get our deficit and spending under control, then it's just as easy for the bond market to shoot up and the long-term bond market did go up. however, if we focus on the crisis, the immediate crisis and just kind of give away all the spending programs and not really cope with the deficit, the bond market can go down because it says well look these guys are serious about the future. c-span: in 1995, our debt was $5.5 trillion in today at 14.3 and that is probably higher than that. how far can we go into debt? >> guest: i think there is a limit. i think one of the things that has happened to serve us very well is that our country has been maybe the most stable country in the world and people are willing to buy our debt. that is the chinese or the japanese and other people are willing to pick up these treasuries. c-span: let me put on the
Search Results 0 to 29 of about 30 (some duplicates have been removed)